Kmart Colac, 145-167 Murray Street,
Colac, VIC 3250
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Savills - Melbourne
Level 29, South Tower, 80 Collins StreetMELBOURNE, VIC 3000
Kmart Colac, 145-167 Murray Street
Colac, VIC 3250
Map of Kmart Colac, 145-167 Murray Street
Freestanding Investment with Significant Upside | 50% Stamp Duty Savings
- Securely leased to Kmart Australia Ltd
- Substantial landholding of 7,823 sq m*
- 70 metre frontage to Princes Highway
Savills Retail Investments is pleased to offer this prime freestanding Kmart located at 145-167 Murray Street, Colac which represents an outstanding opportunity to purchase a large site in Colac CBD, securely leased to Kmart Australia Limited.
Key Investment Highlights:
- BLUE-CHIP SINGLE TENANTED INVESTMENT | Wesfarmers Covenant Wesfarmers has grown into one of Australia’s largest listed companies, secured by a renewed lease to Kmart Australia Limited, with a total GLA of 4,459sq m*
- RENEWED LEASE | 3 Years + 3 x 3-year options to May 2036
Kmart Australia Ltd have exercised their first 3-year option commencing 14 May 2024
- FUTURE DEVELOPMENT POTENTIAL | Alternative Use Opportunities (Favourable ‘Commercial 1’ Zone)
- SIGNIFICANT VALUE-ADD | An existing improvement with street frontage to Dennis Street can be utilised to enhance further potential
- LARGE SITE AREA – 7,823sq m | Extensive prime CBD site of 7,823sq m* with approximately 70 metres of Murray Street (Princes Highway) frontage
- COLAC CBD LOCATION – Largest commercial centre of the Colac Otway Shire | A major industrial, commercial and service centre of Western Victoria, approximately 150 kilometres south-west of Melbourne.
*Approx.
For Sale by Expressions of Interest, closing at 12pm (AEDT), Wednesday 13 March, 2024
Key Investment Highlights:
- BLUE-CHIP SINGLE TENANTED INVESTMENT | Wesfarmers Covenant Wesfarmers has grown into one of Australia’s largest listed companies, secured by a renewed lease to Kmart Australia Limited, with a total GLA of 4,459sq m*
- RENEWED LEASE | 3 Years + 3 x 3-year options to May 2036
Kmart Australia Ltd have exercised their first 3-year option commencing 14 May 2024
- FUTURE DEVELOPMENT POTENTIAL | Alternative Use Opportunities (Favourable ‘Commercial 1’ Zone)
- SIGNIFICANT VALUE-ADD | An existing improvement with street frontage to Dennis Street can be utilised to enhance further potential
- LARGE SITE AREA – 7,823sq m | Extensive prime CBD site of 7,823sq m* with approximately 70 metres of Murray Street (Princes Highway) frontage
- COLAC CBD LOCATION – Largest commercial centre of the Colac Otway Shire | A major industrial, commercial and service centre of Western Victoria, approximately 150 kilometres south-west of Melbourne.
*Approx.
For Sale by Expressions of Interest, closing at 12pm (AEDT), Wednesday 13 March, 2024
Property ID: 504514592Last Updated: 26 May 2024
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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